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Dec 20, 2012
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those are two scenarios for action. i still think you should rule out the possibility of something by the first of the year. >> thanks, jorge posada. >> all right. we will take a quick break on "power lunch." michelle and i will be back in a moment. well talk it a congressman planning to vote no. also of course we will be awaiting the house speaker john boehner. he will hold his news briefing in just a few minutes. stay with "power lunch." we're back in two. yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> all right. in just a few moments, house speaker boehner will
those are two scenarios for action. i still think you should rule out the possibility of something by the first of the year. >> thanks, jorge posada. >> all right. we will take a quick break on "power lunch." michelle and i will be back in a moment. well talk it a congressman planning to vote no. also of course we will be awaiting the house speaker john boehner. he will hold his news briefing in just a few minutes. stay with "power lunch." we're back in two....
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Dec 21, 2012
12/12
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we had coordinated central bank action to combat that. i don't think our lawmakers feel the same worries right now as they do in those other situations. and remember, 3% for multiyear highs in the s&p. so it's going to take a lot more than a 1400 print in the sbx to make washington really worried about what's going to happen to the markets. >> that's part of the problem. they don't feel like that. however if the s&p had been down 5% i think what we got over the next week would be very different. >> it's going to sound like blasphemy for a lot of viewers to say the market should have sold off so lawmakers would do something but that's exactly what i heard on the trading floor owe new york stock exchange. obviously nobody wants the markets to plunge but they do want a deal to get done and something that will make these lawmakers come together and compromise on both sides. >> one thing i'm curious about, though, is what possible deal, for anybody who is thinking about buying stocks right here, what possible deal could come out that would say
we had coordinated central bank action to combat that. i don't think our lawmakers feel the same worries right now as they do in those other situations. and remember, 3% for multiyear highs in the s&p. so it's going to take a lot more than a 1400 print in the sbx to make washington really worried about what's going to happen to the markets. >> that's part of the problem. they don't feel like that. however if the s&p had been down 5% i think what we got over the next week would be...
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Dec 4, 2012
12/12
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so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. you can stay in and share something... ♪ ♪ ...or you can get out there with yo
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make...
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Dec 19, 2012
12/12
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let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the fact that the politics are trumping the politics right now. >> in economic turns if you put a 39.6% tax rate on millionaires and above, if you do that, would that be the least ownerous thing you have heard so far? >> i think the goal should be, the least we've seen so far. but it didn't get a great reception on the other side of the i'll. it remains to be seen what we will get. we are going to see a 3.8% increase on taxes and investments on the health care reform. so the notion that we are dodging a tax increase is not true. the question is how big will it b
let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the...
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Dec 20, 2012
12/12
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top of the hour, we're all over the after hours action. we're on the conference call and our traders are giving you the trade. also, we're on the prowl in the options pits for unusual activity. today, it was herbalife and nyx. we'll tell you what the trades were and what they mean. and then, the worst trade of 2012. the big reveal happens in the next hour. we'll see you top of the hour on "fast." >> all right, melissa. we'll be there. wrap up the day on wall street next. don't go away. back in a moment on "closing bell." to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2
top of the hour, we're all over the after hours action. we're on the conference call and our traders are giving you the trade. also, we're on the prowl in the options pits for unusual activity. today, it was herbalife and nyx. we'll tell you what the trades were and what they mean. and then, the worst trade of 2012. the big reveal happens in the next hour. we'll see you top of the hour on "fast." >> all right, melissa. we'll be there. wrap up the day on wall street next. don't...
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Dec 13, 2012
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if we go over a fiscal cliff doesn't that push them into action early january to do something? >> you're absolutely right. if we go off the cliff for even a few days the markets will have a fit, and i think that's probably enough to bring them back and figure this out fairly quickly. >> since you said the markets will have a fit, because i feel like the markets will have a fit if we don't have a deal by the end of next year. dan, what's your take on that? will we see a major selloff in stocks if there's no deal at the end of next week? >> i don't know if it's next week necessarily, but i can say more generally -- >> next week or the next week, right? we're 18 days away. >> certainly running out of time. >> right. >> i don't know if the selloff begins next week or the week after that, but i think certainly, you know, one thing that we can say is that tax rates are going up, and with respect to the capital gains tax rate we have two other instances in modern history in which the capital gains tax was increased, and in both snare quotes december in which it owe cured the capital g
if we go over a fiscal cliff doesn't that push them into action early january to do something? >> you're absolutely right. if we go off the cliff for even a few days the markets will have a fit, and i think that's probably enough to bring them back and figure this out fairly quickly. >> since you said the markets will have a fit, because i feel like the markets will have a fit if we don't have a deal by the end of next year. dan, what's your take on that? will we see a major selloff...
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Dec 7, 2012
12/12
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i had no other option but to take legal action. >> all right. very good. again, we wish jane decided to join us. she decided for whatever reason at the last minute not to. frankly, chris, i'm surprised you're with us here because this thing hasn't been settled yet. it's still being litigated as we speak. >> yes, but it's very important. i appreciate your time. >> thank you for coming on, chris. >> again, a lesson for all of us to be careful what you put online when you're complaining. >> absolutely. you might have a fake name or a fake avatar or whatever. you'll be found if you do something bad. thank you, chris. >>> okay. back to the markets. let's look at what's going on. the dow is up by 53 points right now. >> meantime, though, a terrible week for apple shareholders. how did this had darling of the market suddenly become such a dog? is the worst over? we'll try and look for some answers on that coming up next. >>> also, later on, did you hear john boehner today? >> four days ago we offered a serious proposal based on testimony of president clinton's fo
i had no other option but to take legal action. >> all right. very good. again, we wish jane decided to join us. she decided for whatever reason at the last minute not to. frankly, chris, i'm surprised you're with us here because this thing hasn't been settled yet. it's still being litigated as we speak. >> yes, but it's very important. i appreciate your time. >> thank you for coming on, chris. >> again, a lesson for all of us to be careful what you put online when...
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Dec 31, 2012
12/12
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can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim and the rest of the traders here on the floor of the new york stock exchange for time honored tradition since the depression, and the singing of wait until the sun shines again. mr. mcguire? ♪ wait until the sun shines, as clouds go drifting by ♪ ♪ we will be happy, nelly, don't you cry ♪ ♪ ♪ sweetheart you and i ♪ wait until the sun shines, nelly, 12340e ♪ >> with breaking news from washington, john harwood. john? >> i just add conversation with an aide who confirmed there is a deal on the middle class tax cuts pks and it appears they agreed on threshold of $450,000 for families, $400,000 for individuals. that's a narrower gap at that income level tp. it is designed to catch more individuals with $400,000 incomes to catch a greater proportion of those making higher incomes. under the higher 39.6 rate. the gop aide says he expects president oba
can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim and the rest of the traders here on the floor of the new york stock exchange for time honored tradition since the depression, and the singing of wait until the sun shines again. mr. mcguire? ♪ wait until the sun shines, as clouds go drifting by ♪ ♪ we will be happy, nelly, don't...
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Dec 13, 2012
12/12
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. >> we showed a full screen of the three companies where you are seeing actionable receiving. i'm hoping that you can walk us through hanes brands, for instance, since that's a name we talk about here on this desk, and just walk us through what you saw and why you think it's notable. >> okay, so, we have the chairman and ceo richard noll, he sold $7.7 million in shares on december 6th and 7th. this took his nonoptions holdings down to 31%. so, he still has significant equity in the company, over 477,000 shares. plus he owns, you know, stock options. this, however, was his first sale. he had bought stock back in august of '08 and february of '09, very well-timed buys. he had an average buy price of about $14.40. so, you know, the sale plays into some of the larger issues we're looking at, in that he's sitting on a decent size capital gains from his purchases, but he's also selling more than double the amount of shares that rebought. this is out of the blow. this is somebody that deviated from the standard of he baif your, which is not selling. this is a significant sale. it's t
. >> we showed a full screen of the three companies where you are seeing actionable receiving. i'm hoping that you can walk us through hanes brands, for instance, since that's a name we talk about here on this desk, and just walk us through what you saw and why you think it's notable. >> okay, so, we have the chairman and ceo richard noll, he sold $7.7 million in shares on december 6th and 7th. this took his nonoptions holdings down to 31%. so, he still has significant equity in the...
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Dec 17, 2012
12/12
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an action that led us to the housing implosion a few years ago. we'll talk to david lichen and doug blip. diana olick also with us. david, why are you concerned about this desire for more home right now? home and bigger homes. >> i'm thinking of the george santiana. the spanish philosopher who says what we fail to learn from history, we're doomed to repeat. it amazes me this group is already out looking to buy a bigger home. if they have good job, good employment security and they're getting kids and need large rooms, i get it. but i would be cautious right at this particular time to be moving up too quickly. let's wait. give it a quarter. least see where this thing goes after the big proverbial fiscal cliff issue and see how we deal with that. >> should it be a concern for buying a bigger house or more people living in know house and they're not flipping it. i mean, the surroundings, the environment. the landscape is different today. >> right. we're talking about multigenerational living. having your parents move in with you, not just your kids.
an action that led us to the housing implosion a few years ago. we'll talk to david lichen and doug blip. diana olick also with us. david, why are you concerned about this desire for more home right now? home and bigger homes. >> i'm thinking of the george santiana. the spanish philosopher who says what we fail to learn from history, we're doomed to repeat. it amazes me this group is already out looking to buy a bigger home. if they have good job, good employment security and they're...
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Dec 10, 2012
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rick san tellry is tracking action at the 162 on ten-year. what are they watching today, ricky? >> once treasuries opened today, we did see that rates were lower into our time zone. as you pointed out, we are virtually unchanged to really stress how side ways much of our action on a closing basis has been. look at the chart about 4 months to early august. we spent day in the high 150s, we haven't closed there unlike boone. see a similar time reference chart but they are at 4 plus month yields tp makes sense considering questionable politics going on. for example, italy. though there is a question of politics going on here, i guess. if we look at other issues, the euro currency has been up a little bit today. there are questions about the dollar index with the fed meeting. if you look at corporate barclays and both continues to super well behaved. not only are we looking for tax avoidance, we being businesses and corporations, but individuals looking for better yields than 1.614 i see on the current ten-year. tyler, back to you. >> rick, thank you very much. >>> one aspect of the
rick san tellry is tracking action at the 162 on ten-year. what are they watching today, ricky? >> once treasuries opened today, we did see that rates were lower into our time zone. as you pointed out, we are virtually unchanged to really stress how side ways much of our action on a closing basis has been. look at the chart about 4 months to early august. we spent day in the high 150s, we haven't closed there unlike boone. see a similar time reference chart but they are at 4 plus month...
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Dec 13, 2012
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gold is where you can see what the fed action means to the market and the fiscal cliff as well, but add to that the fact that a lot of traders want to take profits going into the end of the year. seen gold gain 8%, even with the selloff we're experiencing right now and even with gold prices below $1,700 right now. some traders say 2013 could be a different story for gold, still a lot of demand for physical gold as well as exchange-traded funds so that is one thing that may be a bright spot for gold going forward. back to you. >> thank you so much, sharon epperson. by the middle of 2014 that is when we may see the federal reserve make a move to raise interest rates. why? because the cnbc data team figures if unemployment keeps falling at its current rate, that's when we can expect it to hit the fed's newly announced target. >> what does this new tactic mean for the economy is let's bring it down with our fed expert and they rarely agree. senior economics reporter steve liesman and our own rick santelli. make guys, guys. steve, where do we stand on this with the new target, the new way of
gold is where you can see what the fed action means to the market and the fiscal cliff as well, but add to that the fact that a lot of traders want to take profits going into the end of the year. seen gold gain 8%, even with the selloff we're experiencing right now and even with gold prices below $1,700 right now. some traders say 2013 could be a different story for gold, still a lot of demand for physical gold as well as exchange-traded funds so that is one thing that may be a bright spot for...
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Dec 27, 2012
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the key thing for 2013, we need the stability, and we need some decisive actions in order to get the consumer comfortable again. >> absolutely. dana, r.j., thanks so much for joining us. >> thank you. >> heading towards close. just joined us, the market was down sharply early on, and just in the last hour we got word that the house will come back to reconvene sunday evening. read into that whatever you want. the market is hoping that it means maybe we get a deal before the end of the year. we're down just 65 points on the dow industrials. >> you can lead a horse to water, but you cannot make it drink. >> they are leading right now. >> that's what happens. >> in the meantime, should investors pick up or head up on nokia? new windows phone, ditch the stock and step up and apple, got the trade for you coming up next. >> and later congressman andy harris joins us fresh off a conference call with republican house leaders. find out what they had to say. do we read anything into this meeting coming up on sunday night and what he thinks about the odds of avoiding the fiscal cliff. that shoul
the key thing for 2013, we need the stability, and we need some decisive actions in order to get the consumer comfortable again. >> absolutely. dana, r.j., thanks so much for joining us. >> thank you. >> heading towards close. just joined us, the market was down sharply early on, and just in the last hour we got word that the house will come back to reconvene sunday evening. read into that whatever you want. the market is hoping that it means maybe we get a deal before the end...
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Dec 28, 2012
12/12
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let's get trading action in terms of stocks. i don't know. mary thompson joins me here on the floor of the nysc. >> well, we're going over the cliff, mary. should we hold hands? >> let's jump. >> do you have a parachute? >> no, i don't. i don't. you know, a lot of traders think that a parachute is going to come in the form of a mini deal. so that's the feeling right now. >> i don't like anything mini, mary. i like the mini cars. are hoping for.at's what traders as a result, stocks continue to move lower, but they're basically stuck in a waiting game in large part because they want to hear some news from this 3:00 meeting that's being held by the president with the congressional leaders today. ahead of that we've seen little bit of reaction about any headlines coming out about possible deals being struck at this meeting, etc. the tone continues to be negative. let's take a look at the s&p 500 because it is down for the fifth straight session and on track for basically its fifth straight or worst week, i should say, in the last six along with t
let's get trading action in terms of stocks. i don't know. mary thompson joins me here on the floor of the nysc. >> well, we're going over the cliff, mary. should we hold hands? >> let's jump. >> do you have a parachute? >> no, i don't. i don't. you know, a lot of traders think that a parachute is going to come in the form of a mini deal. so that's the feeling right now. >> i don't like anything mini, mary. i like the mini cars. are hoping for.at's what traders as...
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Dec 21, 2012
12/12
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coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. . >>> winter strong draco shutting down flights out of on chicago. the weather channel's paul walsh joins us with the business impact here. paul, the holidays are a crucial time for many businesses. who is being impacted the most weekend? >> yeah. interestingly maria, the weather this year is largely impacting business by the weather last year. the weather last year was incredibly warm, incredibly dry. any type of weather that we have this year threatens store traffic and also demand. so the draco impact, although limbed to the chicago area, may be more significant than you would normally think because of the fact that we've got such a difficult comparison to last year's balmy winter weather. >> what about retail, are you seeing positives
coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. . >>> winter strong draco shutting down flights out of on chicago. the weather channel's paul walsh joins us with the business impact here. paul, the...
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Dec 7, 2012
12/12
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. >> have you looked at the options market action in it? i don't know whether you have. >> i glossed over it and hasn't given me anything substantive yet. >>> i want to draw our viewers' attention to avon products. this is a rare one to leave the s&p 500 but that's what's happening right now. shares up almost near the highs of the day here at 5.2%. analysts aren't exactly sure what's behind the move but still, it's one to mention. remember coty offered to buy avon a couple of times earlier this year. they walked away from that deal twice. in a year we're down more than 15.5% on avon products. >>> automakers revving up sales. mercedes-benz posting its best results ever in america. the ceo of the u.s. division will join us exclusively to talk about how he plans to keep those sales motoring along and whether he is hiring. >>> speaking of hiring, with millions still out of work, why are manufacturers having a tough time filling new positions? phil lebeau searching for answers? wheeling, illinois. >> tyler, the answers will surprise you. at this
. >> have you looked at the options market action in it? i don't know whether you have. >> i glossed over it and hasn't given me anything substantive yet. >>> i want to draw our viewers' attention to avon products. this is a rare one to leave the s&p 500 but that's what's happening right now. shares up almost near the highs of the day here at 5.2%. analysts aren't exactly sure what's behind the move but still, it's one to mention. remember coty offered to buy avon a...
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Dec 19, 2012
12/12
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so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may...
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Dec 20, 2012
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easy as access to a gun and look at a culture that all too often glorifies guns and violence and any actions we must take must begin inside the home and inside our hearts. >> and last night the nra broke its silence on the newtown tragedy saying it is prepared to take steps so that nothing like this ever happens again. no comment today from republican congressional leaders on the president's announcement. joe? >> okay, hampton. thank you very much. so our new gun control measures the solution. our next guest says not so fast. the rush to reduce the number of guns throughout could be very misguided. and don't forget larry's credo, free market capitalism is the best path to prosperity. "the kudlow report" is coming right back. ck. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year
easy as access to a gun and look at a culture that all too often glorifies guns and violence and any actions we must take must begin inside the home and inside our hearts. >> and last night the nra broke its silence on the newtown tragedy saying it is prepared to take steps so that nothing like this ever happens again. no comment today from republican congressional leaders on the president's announcement. joe? >> okay, hampton. thank you very much. so our new gun control measures...
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Dec 21, 2012
12/12
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without last minute action to pass a new bill, the government would have to force americans to buy milk at wildly inflated prices. that means we could pay $6 to $8 a gallon. it now costs an average of $3.65 a gallon. >> that's more government genius, right? >> we had some genius leaders in your fine country. >> by the way, most of the people trying to solve the fiscal cliff are the same people that got us into the fiscal cliff with patches, patches, patches. >> it's a perfect business model, right? >> thanks for watching. happy holidays, everybody. >> see you on monday. >>> hi, everybody. happy friday to you. welcome to the closing bell. ten days and counting. how many? >> ten days and counting, not till christmas, but until we go over the fiscal cliff. we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at t
without last minute action to pass a new bill, the government would have to force americans to buy milk at wildly inflated prices. that means we could pay $6 to $8 a gallon. it now costs an average of $3.65 a gallon. >> that's more government genius, right? >> we had some genius leaders in your fine country. >> by the way, most of the people trying to solve the fiscal cliff are the same people that got us into the fiscal cliff with patches, patches, patches. >> it's a...
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Dec 11, 2012
12/12
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so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no o
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it...
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Dec 1, 2012
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they're taking action right away. deals are being done to sell companies. stocks, homes, dividends, almost anything to avoid a big tax wallop after the first of the year. you see, folks, as i've said for so long, taxes do matter. later on we're going to tell you exactly why. first up the president place santa claus. white house press secretary finds spending cuts deeply irresponsible. for all this and more joining us now is katie pavlich. what speaker john boehner has always said, a dollar tax increase, a dollar spending cuts. >> president obama who jay carney represents during his daily press briefings at the white house wants an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the pur
they're taking action right away. deals are being done to sell companies. stocks, homes, dividends, almost anything to avoid a big tax wallop after the first of the year. you see, folks, as i've said for so long, taxes do matter. later on we're going to tell you exactly why. first up the president place santa claus. white house press secretary finds spending cuts deeply irresponsible. for all this and more joining us now is katie pavlich. what speaker john boehner has always said, a dollar tax...
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Dec 21, 2012
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they expect action. let me be very plain. there is nothing preventing the speaker from taking up our bill and giving middle class families certainty. so i say to my friend, the speaker, this isn't a game. it isn't about scoring political point or putting wins on the board. it will be very serious consequences for millions of families if congress fails to compromise. there will be very serious consequences for a country if congress fails to compromise. time for the speaker to return to the negotiating table ready to compromise. time for the house, especially the house republicans, to realize what's at stake. i repeat, the $250,000 program would pass overwhelmingly in the house. it is up to the speaker to let that vote occur. >> all right, now, let's go to representative nancy pelosi who is also now addressing reporters. >> this is now. let's go back to the negotiation table. we have no right to walk out the door of congress with no clear path to a resolution of this challenge. it's time to get back on track. time to get back t
they expect action. let me be very plain. there is nothing preventing the speaker from taking up our bill and giving middle class families certainty. so i say to my friend, the speaker, this isn't a game. it isn't about scoring political point or putting wins on the board. it will be very serious consequences for millions of families if congress fails to compromise. there will be very serious consequences for a country if congress fails to compromise. time for the speaker to return to the...
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Dec 6, 2012
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now let's break down today's market action. the dow popped. unfortunately, apple dropped. the dow jones was up 83 points. apple fell about 6.5%. here now to help us break it down, danielle hughes, ceo of divine capital markets. it's very interesting to me. fiscal cliff or not, china, europe, whatever, the s&p 500 up 12.1% year to date. that is a good year. that is an optimistic year. why is that? >> it seems like we're forgetting about that, doesn't it? with all this talk about what's happening going forward and concern about corporate growth. and truly, we're concerned about corporate growth as well because there really hasn't been that long-term information from our government, from our policyholde policyholders, no economic policy in real investment in assets that we've seen. that's going to be a problem going forward, not to mention the global slowdown, and we're hitting the top of corporate profits now. >> so you don't agree with this. you're turning bearish. >> not bearish in a sense of going forward intermittently. we think that most likely, we're going to see some
now let's break down today's market action. the dow popped. unfortunately, apple dropped. the dow jones was up 83 points. apple fell about 6.5%. here now to help us break it down, danielle hughes, ceo of divine capital markets. it's very interesting to me. fiscal cliff or not, china, europe, whatever, the s&p 500 up 12.1% year to date. that is a good year. that is an optimistic year. why is that? >> it seems like we're forgetting about that, doesn't it? with all this talk about what's...
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Dec 19, 2012
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so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. on the new york stock exchange, a day that started with seemingly a lot of optimism has deteriorated rather quickly into the close. take a look at the lows of the day on the cusp of a triple-digit loss for the dow jones industrial average. i'm here with brian beleskey, what a change it is and what a change it is, last two days we were up triple digits, monday and tuesday on the dow. all about the cliff? >> all about the cliff and the comments, and the notion of trying to get ahead by volatility. the vix is really low and i'll caution
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. on the new york stock exchange, a day that started with seemingly a lot of optimism has deteriorated rather quickly into the close. take a look at the lows of the day on the cusp of a triple-digit loss for the dow jones industrial average. i'm here with brian beleskey, what a change it...
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Dec 28, 2012
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for us watching the action there. stocks moved off their lows on news of the new offer for the president. we're still setting up for the biggest weekly loss for the stock market in some six weeks. we're trading today with the najarian brothers, mike murphy, and steven wieis. we are moving closer to a deal according to john harwood's reporting. what do you do with the market today? >> i don't think you do anything based on those headlines. where you want to continue to be is high quality names and ride it out. if you see prices come your way in specific stocks that you twoont step up to, you should do it because once we get through the cliff i think the market's okay. it's off to the races. i would point out in december historically going back to 1928 the markets up an average of 1.5%, and it's up 75% of the time. here we are flat and that takes some of the wind out of the sales. >> you said yesterday for the first time in 30 years no position ness the market. is the most dangerous position today to be short the stock
for us watching the action there. stocks moved off their lows on news of the new offer for the president. we're still setting up for the biggest weekly loss for the stock market in some six weeks. we're trading today with the najarian brothers, mike murphy, and steven wieis. we are moving closer to a deal according to john harwood's reporting. what do you do with the market today? >> i don't think you do anything based on those headlines. where you want to continue to be is high quality...
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Dec 11, 2012
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a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff
a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are....
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Dec 27, 2012
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class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pension funds. those don't sound like good practices going forward. president obama meanwhile arrives back in washington after cutting short his christmas vacation in hawaii. congress is back in town, but little progress was made over the holiday to avoid the fiscal cliff and no talk
class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder...
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Dec 27, 2012
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let's get trading action here at the nysc. mary thompson joins us on the floor. this is a vulnerable point for the markets. traders have been saying they're going to make a lot of noise and it will get made up. >> suddenly it isn't. so we're having a bit of a reality check. the dow, the s&p and the nasdaq all negative. it's the lowest now of the month. the vix is spiking. moving above the 20 level for the first time in five months. we want to point out the last time we had this angst over what was happening in washington was in august of 2011 when we had the debt crisis and the subsequent downgrade. at that point the vix was well above where it is, more than twice where it is. so while the fear index is high, up 31% in the last session, it was not where it was two years ago. also if you look at the forward curve on the vix futures doesn't really suggest we're in for any kind of calamity. >> 20.3. >> that was in july. look at the february and april. they're actually -- well, april is just about even where we are now. february certainly doesn't suggest any kind of
let's get trading action here at the nysc. mary thompson joins us on the floor. this is a vulnerable point for the markets. traders have been saying they're going to make a lot of noise and it will get made up. >> suddenly it isn't. so we're having a bit of a reality check. the dow, the s&p and the nasdaq all negative. it's the lowest now of the month. the vix is spiking. moving above the 20 level for the first time in five months. we want to point out the last time we had this angst...
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Dec 29, 2012
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but the hour for immediate action is here. it is now. >> the president correctly says the time for immediate action is now. apparently not his immediate action, though, with the nation facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in years. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day
but the hour for immediate action is here. it is now. >> the president correctly says the time for immediate action is now. apparently not his immediate action, though, with the nation facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in...
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Dec 26, 2012
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would that be enough to jolt lawmakers into action? >> and as the year winds to a close, the head of aetna is back with us winding up for higher taxes in 2013 thanks to obama care. wait until you hear how high he thinks they could go. you're watching cnbc, first in business worldwide. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> well, we're getting numbers in. turns out retailers saw the weakest holiday season since 2008 hurt by bad weather and more uncertainty about the rising tax increases that could come next
would that be enough to jolt lawmakers into action? >> and as the year winds to a close, the head of aetna is back with us winding up for higher taxes in 2013 thanks to obama care. wait until you hear how high he thinks they could go. you're watching cnbc, first in business worldwide. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i...
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Dec 18, 2012
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. >> the club for both and the heritage action log has come out very much against that. that's a call to arms to republicans. that's not good. that's going to stall things out some more. >> right. >> let me ask you about the final one. there's a $13 billion -- $13 billion item here for mitigation of future disasters. mitigation, i don't know what that means. that is not direct aid to the people who need it in new york and new jersey. $13 billion for mitigation. what in the heck does that mean? >> you presume that's actually spending to prevent damage in the future. but again, that's the type of spending that should be looked at in a budget process. in the light of day. and really offset against other things that would be lower priority. this is where congress really ought to be acting, prioritizing spending. and if that ends up being judged to be a high-priority item, we've got to find spending that's a lower priority item that won't be spent because we can't keep deficit spending the way we've been doing for the last four years. >> we'll leave it there. thank you, senat
. >> the club for both and the heritage action log has come out very much against that. that's a call to arms to republicans. that's not good. that's going to stall things out some more. >> right. >> let me ask you about the final one. there's a $13 billion -- $13 billion item here for mitigation of future disasters. mitigation, i don't know what that means. that is not direct aid to the people who need it in new york and new jersey. $13 billion for mitigation. what in the...
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Dec 18, 2012
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so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. . >>> 90 seconds left. show you one chart. this really shows the story today. the market, still a lot of hope about the fiscal cliff negotiation, and we're going out on the highs of the day with a gain of 127 points on the dow. warren myers, first time since july we've had back-to-back triple-digit gains for the dow. that's amazing. >> hard to believe that it's been that long since we've had it. the market has been acting well. i must be getting a cue from the ten-year yield and watching this thing continuing to skyrocket. >> all the safe havens have gone higher. treasury, gold, the dollar you. >> get a sense that it's a real rotation out of safety net and the riskier assets. >> are we being too complacent. we're being bullish. >> are we overdoing this? >> in the short term we may be. one bad word from washington and the market will go down, but from a fundamental point of v
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. . >>> 90 seconds left. show you one chart. this really shows the story today. the market, still a lot of hope about the fiscal cliff negotiation, and we're going out on the highs of the day with a gain of 127 points on the dow. warren myers, first time since july we've had back-to-back triple-digit gains...
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Dec 28, 2012
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>> hopefully the senate would have taken action and it's two days until sunday and the house has aked and we passed hr-8 which was a clean extension for every american and the senate doesn't agree with us and all we get from harry reid, you saw a fiery rhetoric which doesn't only do good for the markets and it doesn't do good for main street businesses and individuals that are worried about what's going to happen on january 1. we don't need rhetoric out of the senate and the houses worked its will and the houses passed its will and we passed sequestration. >> with all due respect and listen, you and i are on the same side of the aisle. this country doesn't have a revenue problem. this country has a spending problem, but our side lost. i have posed a question to democrats and the question to republicans. to democrats i said, listen, what if republicans woke up tomorrow and passed tackes on everybody that you wanted to pass taxes on, would you at a minimum, means tax medicare for millionaires and the vast majority said no and to republicans i say, listen, what if the democrats had an ep
>> hopefully the senate would have taken action and it's two days until sunday and the house has aked and we passed hr-8 which was a clean extension for every american and the senate doesn't agree with us and all we get from harry reid, you saw a fiery rhetoric which doesn't only do good for the markets and it doesn't do good for main street businesses and individuals that are worried about what's going to happen on january 1. we don't need rhetoric out of the senate and the houses worked...
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Dec 4, 2012
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gop is approaching this immigration issue is similar to generations ago they approached affirmtive action with the black community. these are turn offs when you don't have a clear discussion what a low wage income earner needs. especially on this question because they have family members that are here illegally. larry that's not the major problem we're seeing today with the latino community and the hispanics especially those coming from mexico. this community of people of the last generation have come in and adopted this policy if you will that there's nothing wrong with government dependency. one question to say do they come in and work hard. they work hard and work hard at a low wage. they are open territory important the democrats to say let's unionize you and buy this message. until we -- let me finish. let me just finish -- >> i want to win 40% of them. the conversation about free markets and work and entrepreneurship is terrific. don't go on welfare, don't be dependent on government, go to work. >> but that's not what we're seeing. look at the data. you won't get 40% if they buy thi
gop is approaching this immigration issue is similar to generations ago they approached affirmtive action with the black community. these are turn offs when you don't have a clear discussion what a low wage income earner needs. especially on this question because they have family members that are here illegally. larry that's not the major problem we're seeing today with the latino community and the hispanics especially those coming from mexico. this community of people of the last generation...
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Dec 7, 2012
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he said no one's factored in that the buzzard oilfield has been out of action. so we were going to get a sharp drop in industrial output, much worse than expected. and with manufacturing output, as well. so, yes, those numbers are much worse than expected. it is dragging sterling down to 160.127, but it is down to the buzzard oilfield being out of action. the key thing here, giles, is that it will do, though, is probably weigh in on the q4 numbers. doesn't matter why, but that it will impact gd. and we'll be getting headlines of triple dip. >> it's interesting in the chancellor autumn statement, really stressing that a lot of the weakness in the recovery in the uk has been due to the oil and gas sector and indeed to banking. so saying focusing on the rest of the economy. so this is as it were monthly noise, but it emphasizes how volatile that component is. >> look at the industrial numbers for germany, and here we are with a pretty awful southwest industrial numbers for the uk, but of course things aren't what they seem because of the fluctuations in shut downs
he said no one's factored in that the buzzard oilfield has been out of action. so we were going to get a sharp drop in industrial output, much worse than expected. and with manufacturing output, as well. so, yes, those numbers are much worse than expected. it is dragging sterling down to 160.127, but it is down to the buzzard oilfield being out of action. the key thing here, giles, is that it will do, though, is probably weigh in on the q4 numbers. doesn't matter why, but that it will impact...
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Dec 20, 2012
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they can't sit there, and that's really where the dict is, people have to take action on the best information and, unfortunately, they are not getting really good information so it's kind of a random walk now. i think most people in the market, most customers two weeks ago said a deal will get done. this is serious. i think bernanke's probably got his hands over his face right now because all the work that they have done on the monetary side could, you know, literally be undermined by the fact that these guys can't find some common ground here. look, i'm still hopeful. i still think it can come back. >> all right, guys. >> all right. thanks, guys. appreciate your time. 12 minutes before the closing bell sounds on wall street. the market is up 36% on the dow, and that's one of the issues here, so much room for disappointment in this market. the market still expects a deal. >> definitely pricing in a deal, right? that's why we've had a pretty good week. a couple of double, triple-digit gains, holding in pretty good. up 38. counting down the worst trade of the year, and up next i'll reveal what'
they can't sit there, and that's really where the dict is, people have to take action on the best information and, unfortunately, they are not getting really good information so it's kind of a random walk now. i think most people in the market, most customers two weeks ago said a deal will get done. this is serious. i think bernanke's probably got his hands over his face right now because all the work that they have done on the monetary side could, you know, literally be undermined by the fact...
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Dec 21, 2012
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. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doing that. they have an entirely different krun construction on what's happened with plan b since negotiations blew's a few daysation. on the budget committee, came out saying it was a waste of time with the clock ticking. >> we are engaged here in the house on this floor today in what has become a ridiculous political stunt which will actually take us much closer as a country to going over the fiscal cliff. >> the question's going to be, larry, of course, can negotiations resume after this happens? senate says they won't even take this up, the plan b, if it passes, as house leaders say it will tonight. the question is, what are we going to have -- private negotiations between the speaker and president over the weekend? will members come back and have something to pass or in fact go over the
. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doing that. they have an entirely different krun construction on what's happened with plan b since negotiations blew's a few daysation. on the budget committee, came out saying it was a waste of time with the...
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Dec 7, 2012
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. >>> now, a movement started by american majority action called fire boehner has been trending on twitter. . but there's really not one wit of serious evidence that mr. boehner has any problems holding on to his speakership or even conservative leaders in the house. here now to try to make this weak case is ron meyer. ron, first of all, i want to say that i commend john boehner for his valiant attempts to stop the fiscal cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of self-determination. we shouldn't get seniority decide, this person should be the next person -- >> look. he is running the house. he's the speaker of the house. you confuse that with running t
. >>> now, a movement started by american majority action called fire boehner has been trending on twitter. . but there's really not one wit of serious evidence that mr. boehner has any problems holding on to his speakership or even conservative leaders in the house. here now to try to make this weak case is ron meyer. ron, first of all, i want to say that i commend john boehner for his valiant attempts to stop the fiscal cliff and to make a deal without giving up growth principles....
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Dec 17, 2012
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what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm assuming that the outlook for inflation for the eurozone is -- >> how are they going to get around -- look, i know the bundes bank has a fear of hyper inflation. i just don't -- are they going to get around all the -- because even if they do it on the inflation mandate, are they going to get around the objections about outright money printing? germans would see it as that. >> they would see it as outright money printing. we have done qe. it's not an issue on the legality of it as long as you justify it in the inflation mandate at the zero policy bound. but the question is, you know, how low is inflation in the eurozone going to go? you have core inflation in the eurozone below 1.5%. if you strip away indirect taxes, tha
what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm assuming that the outlook for inflation for the eurozone is -- >> how are they going to get around -- look, i know the bundes bank has a fear of hyper inflation. i just don't...
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Dec 11, 2012
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are you seeing any of that sort of action within the banks? well, i think we continue to see some optimism for share prices. maybe not as much speculation on dividends as we had in the past. and one of the reasons is that the expectation in the past was always that you would see regular dividends and now we see so much activity going on with special dividends and the options adjust options for that. so, i think it has a lot of options a little bit perplexed on how to play it best. we saw a lot of activity going into a couple of months ago, but now, we're seeing less of that and now, instead, it's mostly just bullish bets, hoping for something to create like a buy back or a dividend that would propel share prices more than returning cash directly. >> okay, time now to take a look at some hits and misses here. sometimes the traders hit out out of the park, sometimes they swing and the miss. let's play the good, the bad and the ugly. brian kelly, the star tonight. first the good, last month, he kindled good feelings for amazon. take a listen. >>
are you seeing any of that sort of action within the banks? well, i think we continue to see some optimism for share prices. maybe not as much speculation on dividends as we had in the past. and one of the reasons is that the expectation in the past was always that you would see regular dividends and now we see so much activity going on with special dividends and the options adjust options for that. so, i think it has a lot of options a little bit perplexed on how to play it best. we saw a lot...
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Dec 22, 2012
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. >> that was in action until 2004. i would amend it and continue it, no the to cover all semiautomatic rifles because some of them are relatively docile weapons by comparison to what i'm talking about. i'm talking about these ar-15s, which with the high-capacity magazines and we saw them at aurora, the movie theater, the oregon shopping mall, and now we saw them in an elementary school. they're capable of firing if you have a magazine of 30, 30 bullets in a few seconds or even 100 in less than a minute. and, you know, this, make no bones about this, larry. the guy that went up to that school, adam lanza, he had enough bullets, enough magazines to eliminate the entire school. >> why do we need that? this is a question i have. i mean, i would get rid of the semiautomatic or narrow it down to extremely, extremely narrow stuff. but, again, why do we need these huge magazines? why do we need 100 bullets that sort of thing? why do hunters need that? >> why would a hunter need to have 100 magazine? what do they want to do? ta
. >> that was in action until 2004. i would amend it and continue it, no the to cover all semiautomatic rifles because some of them are relatively docile weapons by comparison to what i'm talking about. i'm talking about these ar-15s, which with the high-capacity magazines and we saw them at aurora, the movie theater, the oregon shopping mall, and now we saw them in an elementary school. they're capable of firing if you have a magazine of 30, 30 bullets in a few seconds or even 100 in...
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Dec 6, 2012
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sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over the last five years. and i guess the apple story if you're a bear is a potential nokia story, a story about a company that is dominating its space at the moment, but priced for perfection. so who knows if there is a disappoint coming. but if there is, there's not much margin for error. gr it all depends on whether we'll be buying other products other than apple in five years time. >> it's a very rapidly changing business. the technology field is a rapidly changing group. think of sony at one time. you now there's a recent survey showing that it's had a lower than some of the korean mfers. >> i find
sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over...
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Dec 14, 2012
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every action has an equal and opposite reaction. but this half game of pausing things this way, it means nothing. we should take a lesson on branding from the democrats because they're great at it. >> katie, i'm an old ronald reagan jack kemp guy. i believe in inclusion and economic growth and empowerment and economic opportunity, and when mitt romney said he wanted self-deportation for latinos, i just kind of turned my stomach. the gop's got to have a broader, wider message, katie. latins, asians, immigrants. what's wrong with that? they made the country great. it's part of growth story. don't they have to rebrand there also? >> yes, i think that republicans definitely need to talk about immigration in a different way. we want legal immigrants to come into this country, immigrants tend to be very entrepreneurial and they have a lot to add to this country. and so we need to welcome that and we need to create opportunities for smart hard working individuals to fit into this country and talk about that and at the same time, protect ou
every action has an equal and opposite reaction. but this half game of pausing things this way, it means nothing. we should take a lesson on branding from the democrats because they're great at it. >> katie, i'm an old ronald reagan jack kemp guy. i believe in inclusion and economic growth and empowerment and economic opportunity, and when mitt romney said he wanted self-deportation for latinos, i just kind of turned my stomach. the gop's got to have a broader, wider message, katie....
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Dec 21, 2012
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japan is heading towards a debt crisis unless it takes some remedial action within the next two or three years. it's not imminent because it's domestically funded still to a large extent. but i think that, you know, you're heading towards a crisis in japan on the debt story unless some actions are taken. and unless it looks like they'll take the key step necessary which is doubling the consumption tax rate, if that doesn't happen as scheduled and they're heading towards great problems on their fiscal deficit and on their government debt. >> i just want to get a quick thought here from arnab. >> japan is a high level equilibrium trap. they're subtracking from it because they're an exporter and a surplus country. it's gone a little bit the other way with the shutdown of nuclear energy. i totally agree, it's a completely unsustainable trajectory. the real issue is whether fiscal pump can change the structural factors like demographics and the fact that women don't work, don't have children, more seriously, is money and government bonds really going to change that force which is promoting de
japan is heading towards a debt crisis unless it takes some remedial action within the next two or three years. it's not imminent because it's domestically funded still to a large extent. but i think that, you know, you're heading towards a crisis in japan on the debt story unless some actions are taken. and unless it looks like they'll take the key step necessary which is doubling the consumption tax rate, if that doesn't happen as scheduled and they're heading towards great problems on their...
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Dec 18, 2012
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. >> is it a landscape, this changing, meaning the policy back drop, all the policy action that we've seen in these markets or is it investors changing and looking to express views in different ways? >> well, we think of it as being the aggregate psychology for the metric. so just to put low and high volatility regimes into context, just think of the vix or restock, you're talking about the vix and embedded floor around 15 that has been in place for those five years. if you look at open interests, put call ratios, the market knows this. people tend to buy a lot of calls when the vix is low. and that is what we've been conditioned to believe. at some point, that's going to change. we'll shift into a low volatility regime. that means, believe it or not, vix can be contained for a period of years between 10 and 20. >> and we've seen that typically coincide with periods of strong equity performance. would that also be implied this time around? >> it certainly could be. so march 1991 was a recession trough. the transition from a high to a low volatility regime was right in time with that.
. >> is it a landscape, this changing, meaning the policy back drop, all the policy action that we've seen in these markets or is it investors changing and looking to express views in different ways? >> well, we think of it as being the aggregate psychology for the metric. so just to put low and high volatility regimes into context, just think of the vix or restock, you're talking about the vix and embedded floor around 15 that has been in place for those five years. if you look at...
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Dec 13, 2012
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why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world nation will work next year which may trigger some repricing of the risk for the sovereign which at the moment is substantial of the ecb's intervention. >> that and market sentiment has gotten more positive on sentiment late lit. if people come around to the risks that you're outlining, how much of a reaction are we going to see in yields? >> yes. obviously, the ecb's announcement is very important and the event has a number of events materializing. i'm pretty sure that the short kind of the curve in italy will not get the sort of level that we've seen in the worst of the crisis. but at the same time, i think there are a number of issues wh
why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world nation will work next year which may trigger some repricing...
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Dec 31, 2012
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someone was actually threatening a class-action suit over this. >>> okay. i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that would get 100% of the vote. >> good luck getting that through congress. jane, happy new year to you. jane wells in los angeles. >>> tweet time. the phrase that got the most nomination this is year on lake superior's list to banish fiscal cliff. what other phrases should be banned? tweet us @squawkstreet and we'll get your responses after the break. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> time for squawk on the tweet. the phrase of fiscal c
someone was actually threatening a class-action suit over this. >>> okay. i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says,...
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Dec 17, 2012
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watch for the market action. the market action has been relatively positive. i'm pretty encouraged by that. as that push tess dollar down, that could add support to a lot of markets over my shoulder here. >> how do you feel about gold right now? >> disappointing, at best. you've seen the dollar decline. as it goes below 80, usually that adds to the gold market. but gold and silver have been ashdz the pivots. you have to look at things on a weekly basis. i'm an options trader so i try to look at spreads three and six months out. but i'm feeling like i felt earlier this summer like with gold, it formed a wedge with higher lows and lower highs. it looks like it may set up to the out side. >> are you a betting man? >> i don't bet on events. if i did, i would be in the news business like you guys. i would equate this to the fiscal ceiling next year. the market reacted very well last year. we saw after the downgraded debt, we saw an increase in demand and all-time low interest rates. i don't care what happens with fiscal cliff. obviously, i do, but i care how the ma
watch for the market action. the market action has been relatively positive. i'm pretty encouraged by that. as that push tess dollar down, that could add support to a lot of markets over my shoulder here. >> how do you feel about gold right now? >> disappointing, at best. you've seen the dollar decline. as it goes below 80, usually that adds to the gold market. but gold and silver have been ashdz the pivots. you have to look at things on a weekly basis. i'm an options trader so i...
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Dec 28, 2012
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i think it is, and at the same time know when you look at some of the websites, the possibility of action maybe by the israelis ahead of that because they're not confident that iran is going to do anything. so there's always sort of that impact on it. i just feel this year, though, as the year when people start to set things right, just how accurate is the idea that north america could be energy self-sufficient in eight years? there will be a lot of questions about that assumption. >> talking about the imports of u.s. shale gas, expanding these shale imports as much as possible, one economy needing the oil from another. but we'll see the 105 call for 2013 pans out. thank you very much. >>> speaking of looking ahead, it's a hard one, isn't it? how should investors be positioning themselves as we head into next year? we'll leave but a look at what some experts have been telling us. >> you have to be aware of the idio sin accuratic risks out there. if companies can finance themselves at very low levels, as long as we don't get a big back up in interest rates or yields for any reason due to s
i think it is, and at the same time know when you look at some of the websites, the possibility of action maybe by the israelis ahead of that because they're not confident that iran is going to do anything. so there's always sort of that impact on it. i just feel this year, though, as the year when people start to set things right, just how accurate is the idea that north america could be energy self-sufficient in eight years? there will be a lot of questions about that assumption. >>...
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Dec 10, 2012
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about 50% have already taken some action. i think companies right now are waiting to see what's going to happen and it really comes down to two major issues. if we can get this fiscal cliff issue resolved, then we are looking at a pretty optimismic outlook from our members. but if we don't get the fiscal cliff, almost 60% said they'll be looking at cutting jobs and/or layoffs. >> cfos are notoriously less sang win than ceos. it's not particularly surprising that this group is expressing some contingency plans. but on average, they expect the u.s. to add of a million jobs next year. so kind of a divide here between the view that on the other hand things are getting better and on the other hand there's a big uncertainty out there still. >> i think finance people always want to balance the book and ceos tend to be more optimistic than the finance people. i think even the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in th
about 50% have already taken some action. i think companies right now are waiting to see what's going to happen and it really comes down to two major issues. if we can get this fiscal cliff issue resolved, then we are looking at a pretty optimismic outlook from our members. but if we don't get the fiscal cliff, almost 60% said they'll be looking at cutting jobs and/or layoffs. >> cfos are notoriously less sang win than ceos. it's not particularly surprising that this group is expressing...